According to Defillama data, the total value locked (TVL) across all chains has surpassed $174 billion and is about to break its all-time high.
The highest point of TVL in the last bull market was $178 billion, just $4 billion short of the ATH, which is roughly equivalent to 0.4 times the size of @sparkdotfi.
Get ready for this upcoming on-chain bull market.
A very strange phenomenon on the blockchain:
Many L1/L2 chains with high TVL rankings have recently reached new all-time highs (ATH), but there haven't been many on-chain opportunities or widespread wealth creation effects.
Among the top 15 public chains by TVL, nearly half (7/15) @solana / @Plasma / @base / @arbitrum / @SuiNetwork / @LineaBuild / @katana have all reached ATH.
Am I in an information bubble again?
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